If your business offers employees a High Deductible Health Plan (HDHP), your employees may be eligible to contribute to a Health Savings Account (HSA). To get started, your employee will open a LifeSavings HSA account with Monona Bank. Through a defined amount that you offer your employees, or a dollar amount the employee chooses, you easily send these contributions by direct deposit to the employee’s LifeSavings HSA account. This process is identical to any other direct deposit you currently process. It’s easy and convenient for both you and your employee and it allows you to offer another important benefit to your employees.
Benefits to Using Monona Bank as Your Preferred HSA Partner
Contact your Business Banker or one of our experienced Consumer Banking Advisors to get started today.